E&G Advisors LP Trims Holdings in Reservoir Media, Inc. (NASDAQ:RSVR)

E&G Advisors LP lessened its holdings in shares of Reservoir Media, Inc. (NASDAQ:RSVR) by 8.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,800 shares of the company’s stock after selling 2,500 shares during the quarter. E&G Advisors LP’s holdings in Reservoir Media were worth $252,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in Reservoir Media by 161.6% in the third quarter. JPMorgan Chase & Co. now owns 65,537 shares of the company’s stock worth $532,000 after buying an additional 40,484 shares during the last quarter. 272 Capital LP bought a new position in Reservoir Media during the third quarter worth about $122,000. Barclays PLC increased its position in shares of Reservoir Media by 44.1% during the third quarter. Barclays PLC now owns 60,988 shares of the company’s stock worth $495,000 after acquiring an additional 18,675 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Reservoir Media by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 620,941 shares of the company’s stock valued at $5,037,000 after acquiring an additional 13,836 shares in the last quarter. Finally, Jane Street Group LLC increased its position in Reservoir Media by 22.5% during the third quarter. Jane Street Group LLC now owns 53,018 shares of the company’s stock worth $430,000 after buying an additional 9,742 shares during the last quarter. Institutional investors and hedge funds own 44.38% of the company’s stock.

Reservoir Media Stock Performance

Shares of RSVR stock opened at $8.00 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.37 and a quick ratio of 1.25. The firm has a fifty day moving average price of $8.70 and a 200-day moving average price of $8.28. Reservoir Media, Inc. has a 1 year low of $5.95 and a 1 year high of $9.83.

Analysts Set New Price Targets

Separately, B. Riley lifted their target price on shares of Reservoir Media from $11.50 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, October 31st.

Reservoir Media Profile

Reservoir Media, Inc operates as a music publishing company. It operates through two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.